Reed Unit

Oil & Gas Property in Shelby County, TX

Property Summary

Key data points for Reed Unit

CountyShelby County, TX
OperatorSHERIDAN PRODUCTION CO III, LLC
Production DatesApr 2002 - Sep 2025
Total Oil Production24,255 BBLs
Total Gas Production1,575,280 MCF
Recent Oil Production195 BBLs in Aug 2025
Recent Gas Production2,642 MCF in Aug 2025
Wells on Property2

Our Valuation Estimates for Reed Unit

ShaleAssessment

$6,105 *

MarketMultiple

$32,202 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Reed Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Reed Unit
from Apr 2002 to Sep 2025

Wells on Reed Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-419-30821REED UNIT 1SHERIDAN PRODUCTION CO III, LLCProducingShelby County, TX31.768490-94.362808
42-419-31134REED UNIT 2SHERIDAN PRODUCTION CO III, LLCTemp AbandonedShelby County, TX31.770030-94.355001

Leases included in Reed Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
06-188712REED UNIT 1SHERIDAN PRODUCTION CO III, LLCShelby County, TX
06-221962REED UNIT 1SHERIDAN PRODUCTION CO III, LLCShelby County, TX
06-236557REED UNIT 2SHERIDAN PRODUCTION CO III, LLCShelby County, TX
06-265530REED UNIT 2SHERIDAN PRODUCTION CO III, LLCShelby County, TX

Nearby Properties

These are the closest 20 properties to the Reed Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AdamsShelby County, TX13 BBLs4,615 MCFSep 2025
ArcoShelby County, TX0 BBLs0 MCFJan 2025
BP Ethridge 971Shelby County, TX0 BBLs801 MCFAug 2025
BP Georgetown 885Shelby County, TX0 BBLs2,430 MCFAug 2025
Carlton Gas UnitShelby County, TX0 BBLs14 MCFSep 2025
CaseShelby County, TX0 BBLs2,474 MCFSep 2025
CrawfordShelby County, TX5 BBLs1,946 MCFSep 2025
Franks EstateShelby County, TX15 BBLs7,803 MCFSep 2025
Franks Lawrence TShelby County, TX1 BBLs2,408 MCFSep 2025
GriffinShelby County, TX39 BBLs7,717 MCFAug 2025
HancockShelby County, TX0 BBLs0 MCFJul 2020
Howard A 1Shelby County, TX14 BBLs497 MCFSep 2025
JonesShelby County, TX73 BBLs8,715 MCFSep 2025
Oliver UnitShelby County, TX71 BBLs12,528 MCFSep 2025
PateShelby County, TX22 BBLs3,300 MCFSep 2025
PolleyShelby County, TX0 BBLs201 MCFSep 2025
Ramsey UnitShelby County, TX4 BBLs5,641 MCFSep 2025
SamfordShelby County, TX3 BBLs786 MCFAug 2025
Sickel 1Shelby County, TX0 BBLs0 MCFDec 2017
Thomas Gas UnitShelby County, TX0 BBLs655 MCFSep 2025

Frac'ing activity on Reed Unit

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-419-31134Reed Unit 2
42-419-31134Reed Unit #2

Owners of Reed Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025SHERIDAN PRODUCTION CO III LLCREED #2SHERIDAN PROD COMP
2025KAISER-FRANCIS OIL COREED #2SHERIDAN PROD COMP
2025SHERIDAN PRODUCTION CO III LLCREED #1SHERIDAN PROD COMP
2025KAISER-FRANCIS OIL COREED #1SHERIDAN PROD COMP
2025GRANT NEIL & JACKIEREED #2SHERIDAN PROD COMP
2025DESERT PARTNERS IV LPREED #2SHERIDAN PROD COMP
2025WILLIAMS FRANCES LREED #2SHERIDAN PROD COMP
2025WHEELER GILBERT G & KATHRYNREED #2SHERIDAN PROD COMP
Displaying 8 of 159 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Reed Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
06-188712REED UNIT 1Mar 2025EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-188712REED UNIT 1Mar 2025SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY III, LLC
06-236557REED UNIT 2Mar 2025EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-236557REED UNIT 2Mar 2025SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY III, LLC
06-188712REED UNIT 1Feb 2025EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-188712REED UNIT 1Feb 2025SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY III, LLC
06-236557REED UNIT 2Feb 2025EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-236557REED UNIT 2Feb 2025SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY III, LLC
06-188712REED UNIT 1Jan 2025EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-188712REED UNIT 1Jan 2025SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY III, LLC
06-236557REED UNIT 2Jan 2025EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-236557REED UNIT 2Jan 2025SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY III, LLC
06-188712REED UNIT 1Dec 2024EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-188712REED UNIT 1Dec 2024SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-236557REED UNIT 2Dec 2024EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-236557REED UNIT 2Dec 2024SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-188712REED UNIT 1Nov 2024EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-188712REED UNIT 1Nov 2024SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-236557REED UNIT 2Nov 2024EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-236557REED UNIT 2Nov 2024SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-188712REED UNIT 1Oct 2024EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-188712REED UNIT 1Oct 2024SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-236557REED UNIT 2Oct 2024EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-236557REED UNIT 2Oct 2024SHERIDAN PRODUCTION COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-188712REED UNIT 1Sep 2024EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC